Alcon revenue and financials
Secondary listing. The primary listing is Alcon · SIX (CHF)
$63.19Change from previous close: −1.77%Absolute change: −$1.14
In the fiscal year ended December 2025, Alcon reported revenue of $10.4B (+4.94% year over year). Net income was $980M, a net margin of 9.4%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +4.94%
- 2025 vs 2024
- Net income growth
- −3.73%
- 2025 vs 2024
- Net margin
- 9.4%
- 2024: 10.3%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 510 | 418 | 658 | 724 | 505 | 384 | 459 | 747 | 530 | 341 | 451 | 527 |
| Depreciation and amortization | 288 | 294 | 145 | 472 | 318 | 310 | 300 | 310 | 309 | 297 | 311 | 310 |
| Capital expenditure | -96.0 | -139 | -169 | -166 | -102 | -106 | -151 | -118 | -92.0 | -112 | -315 | -124 |
| Investing cash flow | -222 | -218 | -300 | -312 | -154 | -578 | -333 | -483 | -133 | -218 | -374 | -152 |
| Financing cash flow | -510 | -133 | -330 | -310 | -383 | -96.0 | -4.0 | -81.0 | -171 | -66.0 | -55.0 | 10.0 |
| Dividends paid | -174 | — | 0.0 | 0.0 | -166 | — | — | — | -130 | — | — | — |
| Share repurchases | -289 | -110 | -308 | -256 | -126 | -33.0 | -2.0 | -3.0 | -9.0 | -33.0 | -3.0 | -3.0 |
| Debt issued | 6.0 | 46.0 | 12.0 | -3.0 | 30.0 | 58.0 | 20.0 | — | — | 39.0 | 1.0 | 32.0 |
| Debt repaid | -32.0 | -62.0 | -31.0 | -22.0 | -65.0 | -75.0 | -36.0 | -63.0 | -15.0 | -82.0 | -22.0 | -19.0 |
| Effect of exchange rates | -1.0 | -16.0 | 1.0 | -12.0 | 28.0 | 26.0 | -12.0 | 11.0 | 5.0 | -10.0 | 21.0 | 5.0 |
| Net change in cash | -223 | 51.0 | 29.0 | 90.0 | -4.0 | -264 | 110 | 194 | 231 | 47.0 | 43.0 | 390 |
| Free cash flow | 414 | 279 | 489 | 558 | 403 | 278 | 308 | 629 | 438 | 229 | 136 | 403 |
| Levered free cash flow | 336 | 151 | 204 | 597 | 293 | 159 | 262 | 455 | 375 | 187 | 63.5 | 392 |